This Solicitation opportunity from New York was posted on July 3, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
Below Investment Grade & CLO Asset Manager Search RFP
Contract Overview
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NYSIF is seeking proposals from qualified asset management firms to provide services in managing Below Investment Grade and CLO assets, including High Yield Corporate Bonds, Bank Loans, CLOs, or Multi-Strategy investments, with an anticipated total allocation of approximately $1 billion across these categories. Multiple contracts are expected to be awarded, and interested firms must submit their proposals by August 21, 2025, at 2:00 p.m. EST. The procurement process emphasizes strict adherence to communication restrictions under State Finance Law § 139-j and § 139-k, with designated contacts for inquiries. All updates, amendments, and clarifications related to the RFP will be posted on NYSIF’s procurement website, and it is the responsibility of bidders to incorporate this information into their proposals. The contract will span seven years and cover all counties within New York State, with a contract size ranging from $5 million to $20 million. NYSIF aims to promote opportunities for Minority and Women’s Business Enterprises (M/WBE) and Service-Disabled Veteran-Owned Businesses (SDVOB), although there are no set-aside goals for these categories. The solicitation is open to firms that have previously managed similar contracts, including notable firms such as Blackrock, Goldman Sachs, Invesco, JP Morgan, KKR, Loomis Sayles, MacKay Shields, Neuberger Berman, PGIM, and Voya. The contract is part of NYSIF’s broader efforts to enhance its investment management capabilities across the state.
General Info
Place of Performance
NY, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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